LOWELL VOLUNTEER FIRE DEPT

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

ROBERT CUNNINGHAM

Phone

7048243357

Tax Period

2022-07-01 to 2023-06-30

LOWELL VOLUNTEER FIRE DEPT, founded in 1956, is a small nonprofit in the Public Safety sector that reported $418K in total revenue in fiscal year 2022. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $467K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE PRIMARY MISSION OF THE LOWELL VOLUNTEER FIRE DEPARTMENT, INC. (LVFD, INC.) IS TO PROVIDE FIRE PROTECTION FOR THE LOWELL COMMUNITY. THE CITY OF LOWELL CONTRACTS WITH THE LVFD, INC. TO PROVIDE THIS PROTECTION.

Program Service Accomplishments

Program 1

Expenses: $230,778

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $417,489

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $417,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,341

Fundraising Expenses $0

Program Expenses $467,410

Other Expenses $270,069

TOTAL EXPENSES $467,410

Year-over-Year Comparison

	2022	2021	Change
Revenue	$417,506	$271,883	+0.5%
Expenses	$467,410	$285,608	+0.6%
Net Income	$-49,904	$-13,725	+2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES T ANDERSON	ASSISTANT FI	10.00	Officer Director	$0	$0	$0
HARLOD FULBRIGHT	CHAIRMAN	2.00	Officer Director	$0	$0	$0
WESLEY GOSNELL	FIRE FIGHTER	10.00	Director	$0	$0	$0
BRYAN B KIKER	FIRE FIGHTER	10.00	Director	$0	$0	$0
JACOB SKEEN	FIRE FIGHTER	10.00	Director	$0	$0	$0
MARY WILLIAMS SKEEN	FIRE FIGHTER	10.00	Director	$0	$0	$0
ROBERT CUNNINGHAM	FIRE CHIEF	20.00	Officer	$0	$0	$0
TERRY FOSTER	SECRETARY TR	5.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$417,506	$467,410	$283	$-49,904
2022	$271,883	$285,608	$50,187	$-13,725
2021	$290,233	$297,746	$63,912	$-7,513
2020	$247,418	$228,671	$71,425	$18,747
2019	$272,432	$239,426	$52,678	$33,006